Triple Exponential Moving Average (TEMA)
TEMA is another kind of moving average that gives even quicker signals than DEMA. It smooths out the price but still reacts quickly to changes.
You can use TEMA to stay close to the trend without getting confused by small ups and downs. It works well in fast-moving stocks.
For instance, if Reliance pulls back a little during an uptrend and touches its 10-day TEMA, and then starts rising again, some traders may use that point to enter with the trend.
Parameter | Description | Default Value |
---|---|---|
Source | Input price data series | - |
Window | Number of periods for the indicator | 14 |